Day: July 6, 2025

Amr Abdel Wahab, Chairperson and Managing Director of the Egyptian Countryside Development Company, received the Ambassador of Poland to Cairo, Michał Murkociński, and his accompanying delegation at the company’s headquarters in Cairo. The meeting explored prospects for cooperation between Poland and Egypt’s 1.5 Million Feddan Project—one of the region’s largest…

Egypt has allocated EGP 1.5bn in its 2024/2025 state budget to advance the localisation of its automotive industry, a strategic move underscored by the inauguration of Sumitomo’s largest global factory for automotive wiring harnesses in 10th of Ramadan City. The Japanese manufacturer’s new facility is expected to create around 10,000…

In line with presidential directives to strengthen Egyptian-African integration, and as part of its ongoing cooperation with the COMESA Monetary Institute (CMI), the Central Bank of Egypt (CBE) hosted a five-day training programme on “Micro and Macro Stress Testing for Central Banks.” The sessions were held at the Egyptian Banking…

Egypt is stepping up efforts to safeguard its Mediterranean coastline—particularly in the historic city of Alexandria—in response to the growing threat of climate change, Minister of Water Resources and Irrigation Hani Sewilam announced on Sunday. During a meeting to assess ongoing projects, Sewilam underscored the urgent need for clear policies…

Egypt’s Finance Minister Ahmed Kouchouk called on Sunday for a stronger role for the BRICS group in developing innovative solutions to the global debt crisis, particularly for middle-income countries. He emphasised that BRICS nations are well-positioned to collaborate with other international stakeholders to advance mechanisms such as debt-for-investment swaps and…

Contact Creditech, the digital consumer finance arm of Contact Financial Holding, has announced a strategic partnership with Kashier, one of Egypt and the Middle East’s leading online payment gateways. The collaboration will see the integration of ContactNow’s Buy Now, Pay Later (BNPL) service into Kashier’s platform, expanding the availability of…

Aayan Developments has officially announced its entry into the Egyptian real estate market with the launch of its first project, dǎo Towers—a landmark mixed-use high-rise development located in the New Administrative Capital. This debut signals the company’s strategic expansion into one of the region’s fastest-growing markets. During a press conference,…

Rock Developments has officially announced the launch of its newest residential project, Rock Green, in New Heliopolis City, with total investments reaching EGP 7bn. The development spans 17 feddans and reflects the company’s broader strategic vision to expand and diversify its real estate portfolio across Egypt. Emad Doss, CEO of…

In a landmark decision poised to reshape Egypt’s real estate landscape, the Egyptian Parliament approved long-debated amendments to the Old Rental Law on 2 July, marking a major step toward resolving decades of legal and social contention. The revisions seek to recalibrate the landlord-tenant dynamic in enduring rental contracts—many dating…

El-Romany Real Estate Development and Happy Developments have announced the formation of a new joint venture under the name Highvale Developments, marking a strategic move to strengthen their footprint in Egypt’s dynamic real estate market. Highvale Developments unveiled an ambitious expansion strategy for the upcoming period, beginning with the launch…